Time is Running Out for the Banks

by David Brady via Sprott Money Unfortunately, this week I have little to add to what I shared last week. We have not broken any major resistance or support levels, i.e., we have gone more or less nowhere. Gold is the perfect example. …

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Citi, BofA, Goldman, other banks accused of credit default swap antitrust scheme and market manipulation. (2008 flashbacks anyone?)

🚨 BREAKING NEWS 🚨 Citi, BofA, Goldman, other banks accused of credit default swap antitrust scheme and market manipulation. (2008 flashbacks anyone?) — unusual_whales (@unusual_whales) July 1, 2021 New Mexico’s sovereign wealth fund brought a federal antitrust lawsuit claiming Bank of …

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Central Banks to Keep Buying Gold

by: Stefan Gleason The move away from the Federal Reserve Note as the global reserve currency of choice has continued in recent years, with fresh developments increasing the greenback’s stiff competition. This has led to massive central bank buying of …

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China Cracks Down on Shadow Banks

(Bloomberg) — China’s crackdown on shadow banking is taking aim at more than $1 trillion of opaque investments sold by banks as low risk and high yield, even while funds were channeled to riskier borrowers such as developers. Banks and …

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Banks Are Drowning in Liquidity

In today’s show, you will learn how Bitcoin could be signaling financial conditions are tightening and about to take tech stocks down with it, how China’s economic data is suggesting deflation and slowing global growth, how the shadow Federal Fund …

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